11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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[BRIEFING.COM] Recent action saw equity indices return towards their lows after the Nasdaq made a brief appearance in positive territory. Overall, the losses remain limited in scope as the S&P 500 (-0.1%) trades inside of a four-point range.
At this juncture, there are just three sectors-consumer staples (-0.7%), telecom services (-0.5%), and utilities (-0.7%)-sporting losses larger than 0.3%, but only the staples sector is large enough to have a say in the direction of the broader ... More
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